Author Question: A progressive income tax means the percentage of income paid in taxes decreases as income increases. ... (Read 500 times)

nelaaney · **on:** Jun 30, 2018

A progressive income tax means the percentage of income paid in taxes decreases as income increases.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Suppose the United States decides to impose a 1,000 tax on every Japanese minivan sold in the United States. This is an example of:
a. a tariff.
b. free trade.
c. comparative advantage.
d. the diversity of industry argument.
e. a quota.